Tag: Naperville business law attorney
How Can I Protect Myself & My Business from Cybersecurity Issues?
Posted on July 22, 2021
If you own or manage a business, one crucial issue you need to stay up-to-date on is cybersecurity. Internet-connected systems are an integral part of most modern businesses. Web-based programs allow businesses to attract new customers, manage inventory, store client information, and much more. However, these systems can also be vulnerable to unauthorized use or malicious attacks. The FBI estimates that cybercrime cost small businesses nearly $3 billion in the year 2020 alone. Protecting Your Business from Phishing Schemes Something as simple as opening a seemingly innocent email attachment can […]
Is Starting a Business Worth it? Ask Yourself These Questions to Find Out
Posted on July 15, 2021
Owning a business is unlike any other “job.” Little compares to watching your hard work and creativity flourish into a thriving business. The financial and personal rewards resulting from business ownership can be great, but starting a business is certainly not for everyone. Most people are familiar with the bleak statistics on startups: More than 20 percent fail in the first year. Half of new businesses fail by the fifth year. Upon learning this information, you may wonder, “Is starting your own business worth it?” To find out if starting […]
Why Working With the Right Attorney is Essential to Your Business
Posted on July 8, 2021
Whether it is a startup, franchise, or an existing business, taking on a leadership role in any type of business is likely to be one of the most consequential decisions of your life. Business ownership can be extremely rewarding. At times, owning a business or managing a company can also be frustrating, stressful, and overwhelmingly complex. When you are taking on something as important as running a business, having the right support system is vital to your success. A key member of your support team is your business attorney. If […]
Lessons Many Business Leaders Wish They Learned Sooner
Posted on June 8, 2021
Managing a business is not for the faint of heart. A surprisingly large percentage of businesses do not make it past their one-year anniversary and even fewer see their five- or ten-year anniversary. To succeed as a small or medium-sized business leader, you must be continually vigilant for ways to improve and grow. One of the best ways to do this is to ensure that each hardship you experience teaches you something. Read on to learn about some of the lessons that business owners and business leaders learned the hard […]
Why Do Some Businesses Fail While Others Succeed?
Posted on May 20, 2021
It is no secret that the majority of startups and new small businesses do not succeed in the long term. Only about a quarter of new businesses are still open after 15 years. Being a small business owner is not for the faint of heart. Owning your own business requires a great deal of time, effort, and creativity. If you want your business to be one of the businesses that is successful for years to come, it is important to take proactive steps toward this goal from the beginning. Preparation […]
Seeking Advice from Qualified Experts Can Save You Time and Money
Posted on May 18, 2021
Owning or running a small business or startup is no easy feat. Business failure rates are quite grim. About one-fifth of small businesses fail within their first year. Only about half of all small businesses make it to the end of their fifth year. Two-thirds of small businesses shut their doors before they reach their 10-year anniversary. The good news is that many of the problems that lead small businesses to fail are preventable. One of the best ways to ensure that your business has the best chances of continued […]
Avoid These Common Business Planning Pitfalls
Posted on April 22, 2021
Failing to plan is planning to fail. We have all heard this adage, but it rings especially true for business owners. Starting a business or taking over an existing business is a thrilling move for a would-be entrepreneur. However, when eagerness leads to haste, it is surprisingly easy to make mistakes that have significant legal and financial implications. Proper business planning is key in setting your business up for continued success. For those who already own a business or who are in corporate leadership roles, it is also important to […]
How to Choose the Right Partner for Your Business Venture
Posted on February 23, 2021
Selecting a partner to join with you in a business venture is, in many ways, similar to choosing someone to date and eventually marry. In fact, you will probably spend more waking hours in an average week with your business partner than you do with your spouse, making the decision all the more important to get right. And, like marriages, most business partnerships begin with excitement, high hopes, and starry-eyed visions of the future, yet many end with bitterness, acrimony, and broken relationships. In my practice as a business formation […]
Consider Adding Outsourced General Counsel to Your Company in 2021
Posted on February 9, 2021
Large corporations generally have at least one attorney, if not an entire legal team, working full-time to provide a wide range of legal services, including legal advice on issues such as contracts, asset protection, and liability. Such lawyers also provide immediate and trusted representation in any necessary legal proceedings. The vast majority of small businesses—and even most medium-sized companies—do not have the resources to hire an in-house attorney to offer guidance on everyday matters. However, businesses of all sizes still must deal with a variety of legal concerns, and if […]
Important Considerations for Maximizing Your Company’s Productivity
Posted on January 26, 2021
If you are a small business owner, you know that productivity can mean the difference between a successful business and a failing one. Sometimes, a lack of productivity can be the result of employees who are not attentive, while other times, a decline in productivity can be caused by the workplace itself. As a business law attorney, I help clients address productivity issues within their companies every day. In fact, many of my clients encounter similar problems. The following are some common productivity pitfalls of which business owners should be […]
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